Ohio Code § 1761.15
Ohio Code § 1761.15. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1761.15.
A credit union share guaranty corporation shall establish a reserve for guaranty losses
on an incurred basis in accordance with generally accepted accounting principles during
the period in which such losses become evident. Such reserve shall provide for losses reported to the corporation, losses incurred
but not reported, and estimated losses on the collection of notes and other guarantees
to member credit unions. Estimates of loss frequency and loss severity for incurred but not reported losses
shall be made based on historical data, trends, economic factors, and other statistical
information related to member credit unions. Such reserve shall be reported in its annual statement to the superintendent of
insurance according to the principles of statutory accounting. All determinations of the superintendent of insurance shall be made on the basis
of principles of statutory accounting.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1761.15
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1761.15?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1761.15 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1761.15 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.